This news naturally sent shock waves through the political realm, as Ricketts had previously spent $5.5 million in an attempt to prevent the candidate from acquiring the Republican nomination in the first place.

Specifically, last spring both the billionaire and his wife funded campaign ads that depicted Trump as a misogynist who in the past had referred to certain women with derogatory slurs, including “dog” and “fat pig,” according to The Wall Street Journal.

“The Ricketts decided they could not sit back and watch Hillary Clinton become the next president of the United States,” he said. “Even though the Ricketts supported other candidates during the primary, they believe it is time to unite behind the nominees. This is all about helping Republicans win in the fall.”

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Ricketts’ sudden boarding of the Trump train boded well for the presidential contender.

“The Ricketts are among the biggest and most influential conservative donors in the country,” Bloomberg explained.

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Simply put, the Ricketts family possessed the type of money, power and influence needed to make a noticeable dent in the election process and potentially sway more voters to Trump’s favor.

Consider, for instance, that Trump had only aired about 20,000 ads by late September, whereas his opponent had already aired nearly 115,000. The Ricketts family reportedly planned to help correct this.

Also slated to help was casino mogul Sheldon Adelson, who this week announced tentative plans to spend up to $5 backing Trump.

With billionaires and notable figures like Joseph Ricketts, Sheldson Adelson and even Sen. Ted Cruz now backing him, Trump’s chances of actually winning the election were looking better than ever.